Nov 4, 2021   SOURCE: BusinessWire

$15.7 Billion Growth Opportunities of Thermoset Resin in the Composites Market - Global Forecast to 2026 - ResearchAndMarkets.com

The "Growth Opportunities of Thermoset Resin in the Global Composites Market" report has been added to ResearchAndMarkets.com's offering.

The thermoset resin in the global composites market is declined in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021, and it is expected to reach an estimated $15.7 billion by 2026 with a CAGR of 4.3% from 2021 to 2026.

The future of the thermoset resin market in the global composites market is attractive with opportunities in various end use industries, including marine, pipe and tank, construction, transportation, wind energy, aerospace and defense, electrical and electronics, and consumers goods. The major drivers for growth in this market are due to the increasing demand for lightweight materials, and performance benefits of reinforced composites over rival materials.

Emerging trend, which have a direct impact on the dynamics of the industry, include use of hybrid thermoset resin in many applications.

In this market, polyester, thermoset, epoxy, phenolic, polyurethane, and others are the major resin type used in different end use industries. The analyst forecasts that polyester resin will remain the largest segment by value and volume and will experience the highest growth over the forecast period because it offers performance benefits for different applications.

Within the thermoset resin in the global composites market, pipe and tank is expected to remain the largest segment by value and construction by volume. Expected growth in the infrastructure development, rehabilitation of old infrastructures, and capital investment in industrial development are the major driving forces that spur growth for these segments over the forecast period.

APAC is expected to remain the largest region by value and volume over the forecast period due to growth in end use industries and increasing demand for lightweight materials. Europe is expected to witness the highest growth over the forecast period.

Some of the major thermoset resin manufacturers profiled in this report Hexion, BASF, Dow Chemical, Huntsman, Ashland, and AOC.

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications

2.1: Introduction, Background, and Classifications

2.2: Industry Classifications

2.2.1: Thermoset Resins in the Global Composite Industry by Process

2.2.1.1: Advantages and Disadvantages of Different Process in the Global Composites Industry

2.2.2: Thermoset Resin in the Global Composites Industry by Resin

2.2.2.1: Advantages and Disadvantages of Different Thermoset Resins in Global Composite Industry

2.2.3: Thermoset Resin in the Global Composite Industry by End Use Industry

2.3: Supply Chain

2.4: Industry Drivers and Challenges

3. Market trends and forecasts Analysis from 2015 to 2026

3.1: Macroeconomic trends and forecasts

3.1.1: Macroeconomic Trends

3.1.2: Macroeconomic Forecast

3.2: trends and forecasts for Thermoset resin in the global composites market

3.3: Thermoset resin in the global composites market by End Use Industry

3.3.1: Marine

3.3.2: Pipe and Tank

3.3.3: Construction

3.3.4: Transportation

3.3.5: Wind Energy

3.3.6: Aerospace and Defense

3.3.7: Electrical and Electronics

3.3.8: Consumer Goods

3.3.9: Others

3.4: Thermoset resin in the global composites market by Process

3.4.1: Hand Lay Up

3.4.2: Spray Up

3.4.3: Resin Infusion

3.4.4: Filament Winding

3.4.5: Pultrusion

3.4.6: Injection Molding

3.4.7: Compression Molding

3.4.8: Prepreg Lay Up

3.4.9: Others

3.5: Thermoset resin in the global composites market by Resin

3.5.1: Polyester

3.5.2: Vinyl Ester

3.5.3: Epoxy

3.5.4: Phenolic

3.5.5: Polyurethane

3.5.6: Others

4. Market trends and forecasts Analysis by Region

4.1: Thermoset resin in the global composites market by Region

4.2: Thermoset Resin Market in the North American Composites Industry

4.3: Thermoset Resin Market in the European Composites Industry

4.4: Thermoset Resin Market in the APAC Composites Industry

4.5: Thermoset Resin in the ROW Composites Resin

5. Competitor Analysis

5.1: Product Portfolio Analysis

5.2: Operational Integration

5.3: Geographical Reach

5.4: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

6.1: Growth Opportunity Analysis

6.1.1: Growth Opportunities for the Thermoset resin in the global composites market by End Use Industry

6.1.2: Growth Opportunities for the Thermoset resin in the global composites market by Resin

6.1.3: Growth Opportunities for the Thermoset resin in the global composites market by Process

6.1.4: Growth Opportunities for the Thermoset resin in the global composites market by Region

6.2: Emerging Trends in the Thermoset resin in the global composites market

6.3: Strategic Analysis

6.3.1: New Product Development

6.3.2: Capacity Expansion of the Thermoset resin in the global composites market

6.3.3: Mergers, Acquisitions and Joint Ventures in the Thermoset resin in the global composites market

6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

7.1: Ashland Inc. (INEOS)

7.2: BASF

7.3: Covestro

7.4: Huntsman Corporation

7.5: Polynt Reichhold Group

7.6: AOC

7.7: Swancor Ind. Co., Ltd.

7.8: DSM

7.9: Hexion Inc.

7.10: Polynt Reichhold Group

7.11: AOC

For more information about this report visit https://www.researchandmarkets.com/r/nhzvln